While anything is possible, have to suspect a small bump up over the next 1-3 days and then a drop again. VIX and CPCE still not encouraging. PPI and CPI late next week. I find it hard to “Short” stocks. Guess I’ve just spent so much time looking for uptrending stocks that I find it hard to look at a chart and feel comfortable placing a trade on a chart going down, even if it’s a down bet. Learned a trick, new to me, for both Stockcharts and TOS that I wanted to share and hear any feedback on.
Lets look at AAL for simple example, only for the reason that it’s low in the alphabet in a scan.
While I can conceptualize the pattern, when going for a bear trade, it’s hard to have trust in the move. So, you can put a “-” in front to make it -AAL and you get:
You can do the same in StockCharts
Again, more mind tricks than anything, but really helps me get a better perspective and feel more comfortable with the negative play. Hopefully that translates into better results, but time will tell.
Any tricks or things you use for your bear moves???
Lakedog